SoldApr 15, 2021

Listed and Bought with Jeffrey Louks

Source: Combined LA Westside Multiple Listing Service, Inc #21704690

1851 South Barrington Avenue, Los Angeles, CA, 90025

$1,550,000

1980 sq. ft.
6492 sq. ft.

Other

•

5 days on the market

Sold: Apr 15, 2021

What's around 1851 South Barrington Avenue

About this property

$100K price reduction! Marcus & Millichap, as exclusive listing agent, is pleased to present 1851 S Barrington Avenue, a premier 4 SLO or up to 8 unit apartment development opportunity in prime West Los Angeles, CA.This unique development opportunity is comprised of 6,491 SF of land zoned LARD1.5-1, allowing for a By Right 4-unit apartment project or 4 small lot single family homes. The site also falls under TOC Tier 3, allowing for a 45% density bonus or 8 total apartment units (including 1 affordable) along with reduced parking incentives, increased Floor Area Ratio, and a 30% reduction in an individual setback. A developer may also apply to change zoning to R3-1 for a total of 8 units. Because the project would result in less than 10 units, it would not be subject to Measure JJJ. The property is currently comprised of 5 units with a unit mix of (4) Studios and (1) 1 Bedroom / 1 Bathroom. The current building is 1,980 SF and was built in 1952. 1851 S Barrington Avenue has a prime location in the world-renowned West Los Angeles. Situated just North of the 10 Freeway one of Los Angeles most significant East West throughfares, 1851 S Barrington Avenue is surrounded by affluent neighborhoods, home to expensive residences, as well as numerous high profile office and residential developments. The subject property is uniquely positioned in one of the

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